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What the Fed’s big interest rate hikes mean for Main Street economy

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022.Elizabeth Frantz | ReutersThe Federal Reserve's decision to raise interest rates by 0.75%, or 75 basis points,...

Small businesses desperate for workers even as companies slow hiring

While some companies have slowed the pace of hiring due to concerns about an economic slowdown, the demand from small businesses for new workers has not yet shown signs of declining, Paychex CEO Marty Mucci said."We're still not really seeing any strong recessionary...